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Fully leased and cash-flowing from day one! This duplex-style investment at 289 Chaparral sits in the gated Enchanted River Estates, just minutes from the heart of Bandera and tucked between the Medina River and a nearby creek. Each unit offers 2 bedrooms and 1 bath, for 1,344 total square feet. Both sides are currently leased at $1,000/month, for $2,000 in monthly rent ($24,000 annually), plus a flat-rate water reimbursement from each tenant. Inside, you'll find high ceilings and attractive laminate flooring. Outside, a durable metal roof keeps long-term maintenance low. Tenants pay their own electric, internet, and trash, which keeps ownership simple. It's a turnkey... addition to any portfolio, and owner-occupants can plan to move into one side down the road and let the other help pay the mortgage. All of this comes in a scenic, gated community close to Bandera's shops, dining, and river access.

LERA MLS, MLS#: 2027888
Listed By: eXp Realty, Michael Godinez, transactions@thegodinezgroup.com

No upcoming open house dates. Check back later.

Association

  • Association Fee: $150
  • Association Fee Frequency: Annually
  • Association Name: ENCHANTED RIVER ESTATES PROPERTY OWNERS ASSOC.

Operating Expense Includes

  • Taxes
  • Maintenance
  • Services
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Listed By:
eXp Realty
Michael Godinez
transactions@thegodinezgroup.com

Data Source: LERA MLS

MLS#: 2027888

Data Source Copyright: © 2026 LERA MLS All rights reserved.

Provided by LERA MLS - Local Expertise Regional Access. © 2026

This property was listed on 11/3/2026 and last updated as of 11/3/2026 3:57:49 PM. OSI IDX updated the data from LERA MLS on 11/7/2026 at 8:48 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.